Wichita Falls Estate Annual Report

PRESENTED BY BISHOP REALTOR GROUP

www.HamiltonBryan.com

Enjoy every inch of your home.Transform ordinary rooms into a place your family can call home. A home where memories are made for a lifetime. Come home to comfort.

3www.bishoprealtors.com

To Our Friends, Clients, and Reader,Thank you for taking the time to read our 2013 Wichita Falls Real Estate Report. Our company has always been

data driven and has sought to be the leader in true and accurate information for our North Texas Market. The

information you find in this report was compiled directly from the Wichita Falls MLS. While we know that not every

transaction is recorded in the MLS, this report aims to serve as a generic, yet specific guideline and overview of

how our market and neighborhoods have performed over the past year.

2013 was an interesting year for the Bishop Realtor Group. While we broke our all time record for the number of

sales and total dollar volume closed, we still felt the pain along with numerous home sellers that would end up

having to rent their property or chose not to sell at the number the market would bear. Collectively, our wonderful

team and staff served over 400 real estate transaction sides which totaled over $63,000,000 in closed volume. We

are so grateful to our clients that entrust their real estate needs to us and we look forward to continually being a

part of helping those we serve “love where they live.”

Looking into 2014 we know there are numerous issues ahead of us that include: the lack of water, changing affairs

with Sheppard Air Force Base, and a new public school resolution. None of us have the crystal ball as to what will

transpire, but we know that collectively we all must play a role to create a successful market, economy, and a

better Wichita Falls.

It has been said that data is the soil in which ideas grow. Should you have any questions about this information,

please feel free to contact us at 940.691.7355.

Best,

ANN BISHOPOWNER - BROKER

DENNY BISHOPOWNER - REALTOR

ASHTON GUSTAFSONOWNER - REALTOR

Year End TotalsWICHITA FALLS 2013 vs 2012

RESIDENTIAL FINANCINGConventional 432FHA 195Cash 194VA 134Owner Financed 9Other 6

0 50m 100m 150m 200m

2012

2013TOTAL VOLUME SOLD

$178,216,051 $158,796,995

$5,000,000

$10,000,000

$15,000,000

$20,000,000

DecNovOctSepAugJulJunMayAprMarFebJan

TOTAL VOLUME SOLD BY MONTH 2013 2012

AVERAGE DAYS ON MARKET

20122013

87 82

2013

2012

LISTINGS

LISTINGS

SALES

SALES

1,455

2,727

1,351

2,806

6 Bishop Realtor Group

LAKE WELLINGTONYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 11 $289,326.00 $282,136.00 48 $110.97

2012 11 $323,645.00 $314,363.00 86 $113.34

New construction designs, lake views, and access to the very popular West Foundation Elementary School makes Lake Wellington Estates a much sought after neighborhood to live in.

COUNTRY CLUB ABOVE $250,000YEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 17 $414,235.00 $380,229.00 145 $92.92

2012 14 $398,378.00 $368,857.00 116 $94.13

Wonderfully shaded streets, over-sized lots, and the historic charm of older construction is the theme loved by the residents of Country Club Estates. Located near Midwestern State University, the Wichita Falls Country Club, and with easy access to Kell Freeway makes this area a very convenient area to reside.

COUNTRY CLUB BELOW $250,000YEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 25 $182,576.00 $172,184.00 120 $81.36

2012 15 $173,166.00 $164,030.00 157 $76.51

One doesn’t have to spend a large amount of money to enjoy the charm, location, and beauty offered in Country Club. Known as “The Cottages”, this area offers a parallel feel to the “Estates” with homes typically varying in size, but overall smaller than the neighboring estate properties.

HILL AND HILL / TROPHY PARKYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 18 $160,961.00 $157,883.00 76 $92.79

2012 25 $153,001.00 $149,165.00 86 $90.09

With most of these homes being built after 2000, this area has great momentum with the trends of home buyers seeking relatively newer construction. Located just off of Southwest Parkway and ad-jacent to the WFISD Stadium, this area offers the most consistent blueprint for real estate relativity in our market.


200947

2010

942011

121

2012

86201348


2013

145200969

2010

174

201177

2012

116

2009

105201070

201139

2012

157

2013

120


2010

78

2011

86

2012

86

2013

76AVERAGE DAYS ON MARKET

INSULATION • SIDING • WINDOWS • CARPORTS • PATIO COVERS

940-761-1717 • Toll Free: 1-888-884-8784www.MarantConstruction.com

FREE ESTIMATES!SEE OUR SHOWROOM AT 1200 LAMAR, WICHITA FALLS

Specializing in Cedar Shake Roofing

LICENSED

BONDED

INSURED

Ask us how your new roof can save you money on Homeowners Insurance.

• Manufacturer’s & Workmanship Warranty• Certainteed Goldstar Commercial Applicator• Certainteed Master Shingle Applicator• Member: Cedar Shake & Shingle Bureau• Graduated: Hague Engineering School


STARWOOD / ROLLING HILLSYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 10 $255,590.00 $252,865.00 95 $111.43

2012 12 $250,758.00 $246,275.00 111 $108.34

Predominantly newer homes with at least 2000 square feet are found in this lovely addition located just south of the WFISD Stadium and off of Barnett Road.

BRIDGE CREEK / CANDLEWOODYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 7 $272,714.00 $263,714.00 67 $107.92

2012 8 $289,162.00 $282,562.00 76 $109.50

One of Wichita Falls’ newest and most prestigious subdivisions, Bridge Creek / Candlewood is located in the southwest part of Wichita Falls and consists of homes priced from homes $200,000 and up. This area offers opportunity for new construction as well as homes less than ten years old.

SIKES BUILT BEFORE 2000YEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 31 $182,990.00 $177,405.00 68 $78.30

2012 18 $187,227.00 $182,988.00 83 $80.59

This very popular and charming neighborhood offers the three drivers for home buyer selection: location, style, and value. With homes varying in age and size, this neighborhood is one where many buyers have invested in renovating older properties while gaining square footage not found with newer construction.

SIKES BUILT AFTER 2000YEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 3 $298,233.00 $267,500.00 83 $113.00

2012 8 $251,000.00 $244,312.00 102 $102.58

This area of Sikes Estates is mostly made up of the homes on South Shepherds Glenn and its’ connecting cul-de-sacs. These homes offer new construction that is hard to find in this area of Wichita Falls along with access to the city walking and bike trail.


2009

106

201049

2011

104

2012

111

2013

95

2009

752010

119

201157

2012

762013

67


2009

762010

109

2011

98

2012

832013

68


2009

129

201055

2011

98

2012

102

2013

83


INSULATION • SIDING • WINDOWS • CARPORTS • PATIO COVERS

940-761-1717 • Toll Free: 1-888-884-8784www.MarantConstruction.com

FREE ESTIMATES!SEE OUR SHOWROOM AT 1200 LAMAR, WICHITA FALLS

Specializing in Cedar Shake Roofing

LICENSED

BONDED

INSURED

Ask us how your new roof can save you money on Homeowners Insurance.

• Manufacturer’s & Workmanship Warranty• Certainteed Goldstar Commercial Applicator• Certainteed Master Shingle Applicator• Member: Cedar Shake & Shingle Bureau• Graduated: Hague Engineering School

10 Bishop Realtor Group

STONE LAKEYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 11 $232,181.00 $210,572.00 88 $96.46

2012 7 $242,114.00 $235,285.00 24 $104.98

A recent development off of Southwest Parkway, Stone Lake is a quiet neighborhood with beautiful homes and a nearby pond to enjoy. Grace Church, The Family YMCA, and Christ Academy are also easily accessible within the Stone Lake neighborhood.

COLONIAL PARK / BRENTWOOD ESTATESYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 9 $218,433.00 $204,222.00 123 $67.78

2012 19 $214,347.00 $207,636.00 87 $74.83

Wonderfully kept homes, large lots, beautiful trees, and superb location are found here in the Colonial Park and Brentwood Estates areas. Divided by Taft Boulevard, these properties offer large amounts of square footage, walking access to the city trail or Sikes Lake, proximity to Midwestern State University, and easy access to shopping and entertainment.

MIDWESTERN PARKYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 9 $195,961.00 $186,455.00 128 $75.99

2012 7 $160,471.00 $152,342.00 69 $78.54

This neighborhood has any design of home that one could look for: 0 lot line, single family, recently built, and older properties as well. Elmwood Avenue is the main artery through the neighborhood connecting the residents to Southwest Parkway, Maplewood Avenue, and Kemp Boulevard.

BROOK VILLAGEYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 21 $85,682.00 $83,076.00 122 $56.10

2012 30 $108,449.00 $104,348.00 83 $64.22

Located just off of Harrison and Kell Boulevard, Brook Village offers an eclectic cottage vibe along with the historical charm and charisma many Wichita Falls residents long for. We say you can be anywhere you want in just ten minutes from here.

2009

102

2010

137

2011

742012

242013

88


2009

128

2010

712011

842012

872013


2009

732010

732011

692012

692013


2009

116

2010

792011

872012

832013


1920 Elmwood North Ave. • 940-720-5200www.archertitle.com

Archer Title of Texas is committed to building a brighter future in our

communities by providing quality title and closing services for residential,

commercial and ranch properties.

We are honored to serve our neighbors in Archer, Clay and Wichita

Counties. Contact us today, and let us know how we can help you.

THE CHOICE IS YOURS


CANYON TRAILSYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 5 $666,960.00 $552,500.00 126 $130.99

2012 5 $262,360.00 $254,280.00 55 $104.76

This beautiful development off of Seymour Highway offers views unlike any other area in the city limits of Wichita Falls. Rolling hills and native grasslands offer the residents a Texas hill country feel while maintaining the natural landscapes.

TANGLEWOODYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 15 $218,326.00 $208,126.00 114 $82.19

2012 18 $196,272.00 $187,811.00 107 $74.63

Wonderful hills and views are found in this Wichita Falls favorite addition of Tanglewood. Home ages vary widely as do construction designs. Whatever one’s flare of price point is, it can be found here.

FOUNTAIN PARKYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 38 $154,368.00 $147,928.00 79 $74.01

2012 41 $174,214.00 $167,866.00 78 $78.36

The boundaries of this area include Kell Boulevard, McNiel Avenue, and Fairway Boulevard. Fountain Park has become a very popular area for Wichita Falls residents with easy access to the city’s major thoroughfares, close proximity to shopping and grocery stores, and a wide variety of home selections.

SUMMERFIELDYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 24 $145,603.00 $142,262.00 66 $91.43

2012 22 $140,736.00 $136,936.00 58 $89.25

This southwest Wichita Falls neighborhood has been very popular over the last decade with surrounding neighborhoods establishing themselves off of Summerfield’s momentum.

BEL AIRYEAR SALES AVG. LIST PRICE AVG. SALES PRICE AVG. D.O.M. AVG. PRICE PER S/F

2013 18 $158,427.00 $154,991.00 53 $82.87

2012 12 $141,024.00 $136,575.00 108 $71.02

Located just off of Kell Boulevard and Fairway Boulevard, Bel Air offers homes of all sizes, ages, and price ranges. This is a quiet area with easy access to all places in Wichita Falls.

2009

1202010

200

2011

602012

552013

126


2009

137

2010

762011

126

2012

107

2013

114


2009

72

2010

70

2011

87

2012

78

2013


2009

652010

712011

88

2012

582013

66


2009

862010

682011

104

2012

108

201353


www.amnat.com

1916 N. Elmwood Avenue

Wichita Falls, Texas 76308

(940) 691-7355

www.bishoprealtors.com

Documents

Wichita Falls Estate Annual Report